The week started off on a sour note for IJJ Corporation (OTCMKTS:IJJP) investors as the company’s stock suffered from a selloff and ended the day with a decline of as much as 9%. Yesterday, the company was actually in the news after it provided an update with regards to its business expansion plans for the year 2022.
Trading Data
On Monday, IJJP stock went down 9.40% to $0.0014 with more than 233.97 million shares traded, compared to volume of 18.75 million shares. The stock moved within a range of $0.0014 – 0.0021 after opening trading at $0.0016.
Montech Software Studio, Definitive Acquisition Agreement (DAA) with IJJCorp is official as of April 8, 2022
IJJ Corporation noted that last week on April 8 it had managed to conclude a Definitive Acquisition Agreement with the company Montech Software Studio. The company added that it was excited about the prospect of the acquisition and would be providing updates on a weekly basis with regards to the acquisition transaction.
IJJ Corporation stated that the acquisition is going to enhance its capabilities with regards to development opportunities related to the Metaverse NFT and Blockchain industries. Those are both dynamic industries and are expected to grow at a considerable pace over the course of the coming years.
However, the situation did not lead to any particular optimism among investors and the stock suffered from a selloff nonetheless. It is now going to be interesting to see if the IJJ stock can reverse the tide somewhat and make a recovery.
Technical Data
IJJP stock is trading above the 20-Day and 50-Day Moving averages of $0.0014 and $0.0013 respectively. However, the stock is trading below the 200-Day moving average of $0.0025.
